Why we recommend a NO in the referendum - in 6 short bullet points

The future demands that, with the power vested upon us by that NO, we renegotiate Greece's public debt as well as the distribution of burdens between the haves and the have nots.

Plenary session of Greek Parliament for referendum vote, 27 June, 2015. Demotix/ Dimities Karvountzis. All rights reserved.1. Negotiations have stalled because Greece’s creditors (a) refused to
reduce our un-payable public debt and (b) insisted that it should be repaid
‘parametrically’ by the weakest members of our society, their children and
their grandchildren

2. The IMF, the United States’ government, many other governments around
the globe, and most independent economists believe — along with us — that the
debt must be restructured.

3. The Eurogroup had previously (November
2012) conceded that the debt ought to be restructured but is refusing to commit
to a debt restructure.

4. Since the announcement of the
referendum, official Europe has sent signals that they are ready to discuss
debt restructuring. These signals show that official Europe too would vote NO
on its own ‘final’ offer.

5. Greece will stay in the euro.
Deposits in Greece’s banks are safe. Creditors have chosen the
strategy of blackmail based on bank closures. The current impasse is due to
this choice by the creditors and not by the Greek government discontinuing the
negotiations or any Greek thoughts of Grexit and devaluation. Greece’s place in
the Eurozone and in the European Union is non-negotiable.

6. The future demands a proud Greece within
the Eurozone and at the heart of Europe. This future demands that Greeks say a
big NO on Sunday, that we stay in the Euro Area, and that, with the power
vested upon us by that NO, we renegotiate Greece’s public debt as well as the
distribution of burdens between the haves and the have nots.

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